Analysts: PH growth likely fell to 6% in Q1

May 08, 2023 12:25 am

PHILIPPINE economic growth could have slowed to 6.0 percent in the first quarter, economists polled by The Manila Times said, with high inflation and interest rates seen as having weighed on consumption.

All 12 analysts surveyed expect a substantial drop from the 8.2 percent posted a year ago and October-December 2022's 7.1 percent. Forecasts ranged from 4.7 percent to 6.8 percent with a 6.05 percent median, at the lower end of the government's 2023 target of 6.0-7.0 percent.

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